The Wall Street logged in the strongest performance in more than a decade for the first half of the year. We have highlighted nine leveraged equity ETFs that piled up more than 60% returns in the first half.

The Nasdaq Composite's short-term memory of its 4.36 percent loss in 2018 is warranted given its 19.22 percent gain thus far in 2019. The Nasdaq Composite is the best-performing index among its U.S. equities peers--the Dow Jones Industrial Average is up 10.72 percent YTD while the S&P 500 is up 14.52 percent YTD. The Nasdaq can certainly tip its hat to the tech sector, which comprises a majority of the index--tech has been a stellar performer thus far this year after getting roiled in the final quarter of 2018.

ETF investors are looking at the equity market correction as a good buying opportunity to get in on the cheap. Some of the hardest hit areas of the recent sell-off have also been among the most popular areas ETF investors are diving back into. For example, over the past week, the Communication Services Select Sector SPDR Fund (NYSEArca: XLC) , which includes many prominent media and internet names, attracted $972 million in net inflows, according to XTF data.

The sell-off in technology stocks is dragging the markets down, but some contrarian traders are betting on a swift turnaround with a leveraged ETF play. The ProShares UltraPro QQQ (TQQQ) , which mirrors the triple or 300% daily long performance of the tech-heavy Nasdaq-100, was among the most popular ETF plays over the past week, attracting $493.1 million in net inflows, according to XTF data. Furthermore, the Communication Services Select Sector SPDR Fund (NYSEArca: XLC) , which includes many software and internet names, also brought in $620.2 million in net inflows over the past week.

Leveraged exchange-traded products are alluring to investors looking to supercharge their returns to capitalize on short-term movements in the markets. While they are intended for advanced investors, it ...